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Joined 1 year ago
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Cake day: June 3rd, 2023

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  • senoro@lemmy.mltoMemes@lemmy.ml~~Wall~~ Sesame street
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    1 year ago

    Except the banks payed it back. The US government profited about $15bn from the bailouts. Potentially a loss if considering inflation. Also banks were forced to take the bailouts to prevent a bank run. You would almost certainly have taken your money out of CITI bank if they were the only ones receiving a bailout from the government. Which would have cost the government more in the long term.

    Large banks like JPMorgan and Goldman Sachs had already paid back the government bailout by July 2009.




  • I don’t know man, if you are reading the guardian that much it might be time to start paying, it’s not like they are asking an extortionate amount from you either. Especially if you want to support the newspaper as it’s not a super profitable business to begin with.

    The financial times is £35 a month on the cheapest subscription they offer so you could be paying much more.